Buy Sell Series EA Review: Things to Consider Before Investing

Buy Sell Series EA

Buy Sell Series EA is available both on MQL 5 marketplace and developers’ custom websites. The algorithm comes with an asking price of $800, which is relatively high considering the current market standard. There are free updates with the system and 24/7 support for the robot. We will take a deep look at all of the available statistics to see if the robot is worthy enough for our live account.

The highlights of Buy Sell Series EA

According to the provider, the EA has the following features that set it apart from other algorithms in the market.

Trend analysis

The algorithm uses a strong trend analysis and the determination of a candlestick pattern to see if the market environment is favorable to trade. The added news filtering system keeps trading off during volatile conditions. 

Low balance requirement

The robot only requires a $100 in balance for trading. It also installs within 3 minutes taking less of the traders’ time.

Trading strategy of Buy Sell Series EA

According to the developer, the robot trades using trend analysis and candlestick filtering patterns. Traders can make any amount of profit using the algorithm. To get further information on the topic, we had to go over the live records on Myfxbook. After detailed analysis of this trading tool, we have found that it uses a grid strategy to trade on multiple currencies with an average holding duration of 10 hours and 45 minutes. The lot size is hidden in the history, so we cannot confirm if it is using martingale. There is no fixed stop loss or take profit with positions.

The trading history of the robot
The trading history of the robot

Backtesting reports

The developer does not share any backtesting records of the EA with us and states that historical performance is not useful for algorithms. The factors that have affected the market in the past hold no good when it comes to the current conditions. Lack of backtesting results is a poor approach from the company and raises many questions on the proper functioning of the algorithm.

Trading results in real time

Verified trading records are available on Myfxbook. From August 18, 2021, till the current date, the system made an average monthly gain of 39.16%%, with a 46.83% drawdown. This shows us that while trading, the algorithm causes a loss of nearly 50% of the account balance. It can affect the psychology of traders seeing such a loss of funds. 

The winning rate stood at 79%, with a profit factor of 1.94. The best trade was $235.93, while the worst was -$281.21 in a total of 1432 trades. The developer made $9985 in deposits on a demo account. 

The live records
The live records

Buy Sell Series EA price

The author sells the algorithm for $800 for three real accounts. There is no money-back guarantee. Traders can also rent it for $250. The developer is not clear on the rent duration.

The pricing model of the EA
The pricing model of the EA

Customer support

The developer claims to provide customer support 24/7. Traders can contact them through Telegram and Email.  

Are traders happy with Buy Sell Series EA?

The robot has a single customer review present on Forex Peace Army. The trader says that the robot is an account blower, and the vendor is not providing good support. The live account on Myfxbook, which the developer published before, has vanished as it received a margin call. 

Customer review at FPA
Customer review at FPA

Buy Sell Series EA

Buy Sell Series EA
2 5 0 1
BuySellSeries EA uses a risky averaging strategy to trade the markets. It has a high drawdown on a virtual account which does not conform to real trading results as demo accounts do not respect liquidity and slippage.
BuySellSeries EA uses a risky averaging strategy to trade the markets. It has a high drawdown on a virtual account which does not conform to real trading results as demo accounts do not respect liquidity and slippage.
2/5
Total Score
  • Functionality
    2/5 Bad
  • Trading Strategy
    2/5 Bad
  • Live Results
    2/5 Bad
  • Customer Support
    3/5 Neutral
  • User Reviews
    2/5 Bad

Advantages

  • Live records are available

Disadvantages

  • Little information on the strategy
  • No transparency of developer
  • Only a single customer reviews
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0
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